Energy Update

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LONDON, Sept 25 (Reuters) - Britain's second most powerful man, George Osborne, will lead a trade delegation to Iran next year if the Islamic Republic honours a nuclear deal with world powers, the Financial Times reported.

MILAN, Sept 25 (Reuters) - Eni's giant Zohr gas find in Egypt this month, a gamble taken under the noses of competitors, marked the Italian major's rapid rise to preeminence in the hunt for big new fields.

While the big players are getting serious on emissions reductions, there are still potential sticking points in the negotiations.

Platts Ben Gonzalez asks what do you do if you are a naphtha cracker high on the cost curve producing in Europe and Asia?

(Fri, 25 Sep 2015) Inventories of distillate fuel oil in the U.S. East Coast are higher now than they have been in the previous three years, reaching 59 million barrels on September 18. Most of the recent increase is in the Central Atlantic region, but inventories are also higher in New England and the Lower Atlantic, compared with previous late-September levels.

(Fri, 25 Sep 2015) Final annual data for the supply and disposition of crude oil and petroleum products.

(Fri, 25 Sep 2015) Final monthly statistics for the supply and disposition of crude oil and petroleum products.

* After late August bounce, oil prices are down 10 pct in Sept

NEW YORK, Sept 24 (Reuters) - JPMorgan Chase & Co reaped a $150 million dividend from its metals storage business Henry Bath & Son before selling its physical commodities business last October, as the firm reported its first loss in over a decade, a filing on Thursday showed.

PORTLAND, Ore., Sept 24 (Reuters) - An experimental glider that could eventually reach the edge of space without the power of an engine had a successful first test flight over Oregon this week, winning applause on Thursday from Airbus, a major backer of the project.

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